v3.25.1
Consolidated Statements of Cash Flows - CLP ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Profit for the year before taxes $ 1,582,077 $ 1,696,141 $ 1,735,010
Income tax (333,601) (322,114) (289,209)
Net income for the year 1,248,476 1,374,027 1,445,801
Charges (credits) to income (loss) that do not represent cash flows:      
Depreciation and amortization 94,601 92,308 84,205
Impairment of non-financial assets 2,851 1,762 77
Allowances established for credit risk 421,210 321,829 418,416
Provisions for contingent loans (4,200) (53,875) 51,445
Impairments for credit risk from financial assets at fair value through other comprehensive income 1,009 (2,754) 8,009
Fair value of debt financial instruments held for trading at fair value through in profit or loss (1,712) 2,318 (5,721)
Change in deferred tax assets and liabilities (1,482) 44,545 (91,001)
Net (income) loss from investments in companies with significant influence (8,730) (13,409) (13,031)
Net (income) loss on sale of assets received in payments (2,361) (1,358) (4,053)
Net (income) loss on sale of sale of fixed assets (938) (2,971) (1,043)
Write-offs of assets received in payment 1,187 485 38
Net change in exchange rates, interest, readjustments and commissions accrued on assets and liabilities 553,399 203,529 (766,814)
Other charges (credits) that do not represent cash flows (6,458) (60,160) 5,567
Changes due to (increase) decrease in assets and liabilities affecting the operating flow:      
Net decrease (increase) in accounts receivable from banks 1,853,194 (340,369) (640,682)
Net (increase) in loans and accounts receivables from customers (1,535,662) (913,796) (1,170,415)
Net decrease (increase) of debt financial instruments held for trading at fair value through profit or loss 1,627,801 (55,256) 432,800
Net (increase) decrease in other assets and liabilities (287,129) (53,404) 134,650
Increase (decrease) in deposits and other demand obligations 942,650 (59,946) (4,951,976)
(Decrease) increase in repurchase agreements and securities loans (55,184) (59,972) 143,986
(Decrease) increase in deposits and other time deposits (1,167,941) 1,288,027 5,029,582
Sale of assets received in lieu of payment 19,556 14,227 18,772
Total net cash flows provided by operating activities 3,694,137 1,725,787 128,612
CASH FLOW FROM INVESTING ACTIVITIES:      
Net decrease (increase) of debt financial instruments at fair value through other comprehensive income 1,611,197 257,613 (748,525)
Net decrease (increase) of debt financial instruments at amortized cost 506,337 (493,631) 6,257
Principal and interest payments for obligations under lease contracts (29,991) (32,084) (32,375)
Leasehold improvements (872) (1,993) (2,529)
Property and equipment purchase (16,354) (24,751) (18,706)
Property and equipment sale 1,294 3,626 1,332
Acquisition of intangibles (57,617) (59,955) (56,891)
Acquisition of investments in companies
Sale of investments in companies 11,791
Dividend received of investments in companies 3,019 4,675 3,622
Total net cash flows provided by (used in) investing activities 2,028,804 (346,500) (847,815)
Attributable to the interest of the owners:      
Redemption and payment of interest of letters of credit (639) (1,012) (2,101)
Redemption and payment of interest on current bonds (1,447,751) (1,813,176) (1,538,692)
Redemption and payment of interest on subordinated bonds (50,637) (52,199) (58,050)
Current bonds issuance 1,012,638 1,224,480 1,355,816
Payment of common stock dividends (815,932) (866,929) (539,827)
Increase (decrease) in obligations with foreign banks 91,361 (42,479) 527,027
(Decrease) increase in other financial obligations (54,802) (4,646) 94,146
(Decrease) in obligations with the Central Bank of Chile (4,348,400) (14)
Payment of other long-term borrowings (17) (58) (107)
Attributable to non-controlling interest:      
Dividend payment and/or withdrawals of paid-in capital in respect of the subsidiaries corresponding to the non-controlling interest (1) (1)
Total net cash flows (used in) financing activities (5,614,179) (1,556,020) (161,803)
VARIATION IN CASH AND CASH EQUIVALENTS DURING THE YEAR 108,762 (176,733) (881,006)
Effect of exchange rate changes on cash and cash equivalents 164,743 15,637 38,010
Opening balance of cash and cash equivalent 2,991,032 3,152,128 3,995,124
Final balance of cash and cash equivalent 3,264,537 2,991,032 3,152,128
Interest and readjustments received 3,645,741 3,542,933 2,849,799
Interest and readjustments paid $ (1,570,720) $ (1,434,701) $ (1,344,895)